In a significant development for the Huntsville community, Capstone Development Partners and Boaz Ventures have secured funding for their joint project, the $60 million Nexus on Holmes housing community. This venture will aim to revolutionize student living in the area and foster a stronger sense of community among University of Alabama Huntsville (UAH) students, faculty, and staff.

The Nexus on Holmes, located adjacent to the UAH campus along Holmes Avenue, represents a pivotal milestone in addressing the housing needs of UAH and the broader Huntsville community. This collaborative effort between Capstone Development Partners and Boaz Ventures is set to provide a diverse range of high-quality housing options.

Capstone and Boaz are envisioning the 239,000-square-foot residential property to house undergraduate and graduate students with a mix of 4 bedroom – 4 bathroom and 2 bedroom – 2 bathroom units. Amenities will include two courtyards, an outdoor pool, grilling area, community kitchen, TV lounge, multi-purpose room and quiet study lounges.

Fite Building Company is the principal construction partner on the project, with architectural design by Williams Blackstock Architects. The project’s location within a designated opportunity zone has attracted the support of OPAL Investments, a for-profit subsidiary of Opportunity Alabama, serving as the lead equity investor.

One of the primary goals of the Nexus on Holmes project is to ensure accessibility and affordability for UAH students and staff. Its strategic location will allow easy walkability to the UAH campus, promoting a greater sense of connection within the community. Furthermore, the project will provide essential parking facilities in surface lots leased from UAH, ensuring convenience for residents.

Nexus on Holmes is not only aimed at serving the UAH community but also at contributing to the growth of Huntsville as a whole. Its proximity to major hubs such as Cummings Research Park, Redstone Arsenal, MidCity, Bridge Street, and downtown Huntsville aims to be an attractive housing option for various demographics beyond the academic sphere.

“We look forward to pre-leasing this community in anticipation of its opening in summer 2025,” said Jeff Jones, Principal of Capstone Development Partners.

Joey Azar, Co-Founder of Boaz Ventures, emphasized the significance of addressing housing needs in Huntsville.

“We are pleased to bring this much-needed university-oriented residential community to UAH and the broader Huntsville community, which offers a central location and well-designed, affordable apartment units,” said Azar.

A ceremonial groundbreaking ceremony is scheduled for October 10th at 10 a.m.